University of the Witwatersrand, Johannesburg
A proposal for a research report to be submitted to the Faculty of Commerce, Law
and Management in partial fulfilment of the requirements for the degree of Master of
Commerce / Value-Added Tax (VAT) on imported services in South Africa and the VAT treatment
of banking income / products has been a contentious issue for a number of years in
South Africa. South African companies, individual taxpayers, students and the South
African Revenue Service (SARS) have difficulty to interpret whether section 7(1)(c)
and section 14 of the Value-Added Tax Act No. 89 of 1991 is applicable to certain
transactions.
The aim of the study is to discuss and analyse VAT on imported services in South
Africa in order for an individual taxpayer, company and SARS to understand which
section should be applied to a certain transaction. This study also aims at clearly
showing the type of income / products generated in the banking industry and how
VAT is treated on the types of income / products in the bank. This will give students,
tax professionals in the financial industry, auditors, companies, individuals and the
SARS a better understanding of how VAT is treated in the financial industry. / MT2017
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/22137 |
| Date | January 2016 |
| Creators | Bhagowat, Ershrin |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | Online resource (63 pages), application/pdf, application/pdf |
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